SEA HOLDINGS<00251> - Results Announcement
S E A Holdings Limited announced on 07/04/2006:
(stock code: 00251 )
Year end date: 31/12/2005
Currency: HKD
Auditors' Report: Unqualified
(Audited )
(Audited ) Last
Current Corresponding
Period Period
from 01/01/2005 from 01/01/2004
to 31/12/2005 to 31/12/2004
Note ('000 ) ('000 )
Turnover 1 : 940,163 474,722
Profit/(Loss) from Operations : 1,515,906 267,126
Finance cost : (75,869) (121,060)
Share of Profit/(Loss) of
Associates : (3,359) 3,354
Share of Profit/(Loss) of
Jointly Controlled Entities : (290) (3,689)
Profit/(Loss) after Tax & MI : 1,072,273 120,492
% Change over Last Period : +789.9 %
EPS/(LPS)-Basic (in dollars) 2 : 2.048 0.236
-Diluted (in dollars) 2 : 1.799 0.216
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : 1,072,273 120,492
Final Dividend : 6 cents 6 cents
per Share
(Specify if with other : N/A N/A
options)
B/C Dates for
Final Dividend : 15/05/2006 to 18/05/2006 bdi.
Payable Date : 25/05/2006
B/C Dates for Annual
General Meeting : 15/05/2006 to 18/05/2006 bdi.
Other Distribution for : N/A
Current Period
B/C Dates for Other
Distribution : N/A
Remarks:
1. REVENUE
(a) Geographical segments
Year ended 31st December, 2005
New
Zealand Australia China Hong Kong
HK$'000 HK$'000 HK$'000 HK$'000
REVENUE
External sales 207,216 187,758 3,265 541,924
Inter-segment sales* - - - 43,096
--------- --------- ------- --------
Total revenue 207,216 187,758 3,265 585,020
========= ========= ======= ========
RESULTS
Segment profit (loss) (22,807) 16,602 380,654 1,176,124
========= ========= ======= ========
Recognition of
discount on
acquisition 36,787 - - -
Share of results of
associates (3,359) - - -
Share of results of
jointly controlled
entities - - (290) -
Year ended 31st December, 2005
Others Eliminations Consolidated
HK$'000 HK$'000 HK$'000
REVENUE
External sales - - 940,163
Inter-segment sales* - (43,096) -
------- --------- ----------
Total revenue - (43,096) 940,163
======= ========= ==========
RESULTS
Segment profit (loss) (20,472)- 1,530,101
======= =========
Interest income 44,884
Recognition of discount
on acquisition - - 36,787
Unallocated corporate
expenses (95,866)
Share of results of associates - - (3,359)
Share of results of jointly
controlled entities - - (290)
Finance costs (75,869)
---------
Profit before taxation 1,436,388
Income tax expense (287,264)
---------
PROFIT FOR THE YEAR 1,149,124
=========
Year ended 31st December, 2004
New
Zealand Australia China Hong Kong
HK$'000 HK$'000 HK$'000 HK$'000
REVENUE
External sales 321,572 22,519 4,276 126,355
Inter-segment sales* - - - 39,223
-------- -------- ------ --------
Total revenue 321,572 22,519 4,276 165,578
======== ======== ====== ========
RESULTS
Segment profit (loss) 139,682 9,758 (7,425) 97,939
======== ======== ======= ========
Share of results of
associates 3,354 - - -
Share of results of
jointly controlled
entities - - (3,689) -
Year ended 31st December, 2004
Others Eliminations Consolidated
HK$'000 HK$'000 HK$'000
REVENUE
External sales - - 474,722
Inter-segment sales* - (39,223) -
------- --------- ---------
Total revenue - (39,223) 474,722
======= ========= =========
RESULTS
Segment profit (loss) (906) - 239,048
====== =========
Interest income 67,710
Unallocated corporate expenses (39,632)
Share of results of associates - - 3,354
Share of results of jointly
controlled entities - - (3,689)
Finance costs (121,060)
----------
Profit before taxation 145,731
Income tax expense (2,156)
----------
PROFIT FOR THE YEAR 143,575
==========
*Inter-segment sales are charged at prevailing market rates.
(b) Business segments
The following table provides an analysis of the Group's sales revenue by
business segment:
Sales revenue by business segment
2005 2004
HK$'000 HK$'000
Property investment 128,152 214,056
Garment manufacturing and trading 31,287 57,049
Investment 1,771 2,005
Property development 767,653 196,362
Others 11,300 5,250
------- -------
940,163 474,722
======= =======
2. Earnings per share
The calculation of the basic and diluted earnings per share attributable
to the ordinary equity holders of the Company is based on the following
data:
2005 2004
HK$'000 HK$'000
Earnings for the purposes of basic and
diluted earnings per share 1,072,273 120,492
========= ========
Number of shares
2005 2004
Weighted average number of ordinary
shares for the purposes of basic
earnings per share 523,677,685 511,353,614
Effect of dilutive potential
ordinary shares
Options 12,697,452 8,301,278
Warrants 59,666,538 39,386,622
------------ -------------
Weighted average number of ordinary
shares for the purposes
of diluted earnings per share 596,041,675 559,041,514
============= =============
|